Posting now so we can review the strategy success/failure later.
Based on my study of how bull markets fail, at this the bull market has failed - some news us usually going to come and the market is going to head into much stronger and obvious selling.
6 - 12 months after this break was made it was always obvious this was the big breaking point. I expect few people knew it was the breaking of a 161 - but none--the-less, it does not take a fib fan to see the notable change in selling.
If the theory is correct, within 12 months it will be obvious this is where the big break was made.
And we should expect some news. Bloomberg won't be reporting the 1671 break. There will be a reason no TA could have seen it coming, there always is.
Based on my study of how bull markets fail, at this the bull market has failed - some news us usually going to come and the market is going to head into much stronger and obvious selling.
6 - 12 months after this break was made it was always obvious this was the big breaking point. I expect few people knew it was the breaking of a 161 - but none--the-less, it does not take a fib fan to see the notable change in selling.
If the theory is correct, within 12 months it will be obvious this is where the big break was made.
And we should expect some news. Bloomberg won't be reporting the 1671 break. There will be a reason no TA could have seen it coming, there always is.
